Common use of Indemnification for Revocation or Failure to Satisfy Conditions Clause in Contracts

Indemnification for Revocation or Failure to Satisfy Conditions. Borrowers (jointly and severally) will indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any revocation of any requested Advance or any failure to fulfill the applicable conditions precedent to such advance on or before the requested Settlement Date specified in an Advance Request. Such indemnification will include, without limitation, any loss, cost or expense incurred by reason of the liquidation or reemployment of funds required by such Lender to fund the Advance when such Advance, as a result of such failure, is not made on the requested Settlement Date. Such Lender's calculation of such losses, costs and expenses will be conclusive absent manifest error. NOTWITHSTANDING THE FOREGOING, no Lender shall be entitled to indemnification under this Section with respect to a loss, cost or expense to the extent that such Lender has already been compensated for such loss, cost or expense pursuant to Section 4.13 hereof.